1. Copyright © Tekes Tekes the Finnish Funding Agency for Technology and Innovation 5 th May, 2011 Vilnius, Lithuania Way to successful industry related innovations MARKET-DRIVEN INNOVATIONS Esko Virtanen

2. Copyright © Tekes Tekes - what do we do and why Examples - of successful R&D work

3. Copyright © Tekes How do we work?  Tekes encourages companies to do challenging R&D Funding for the creation of new know-how and development of products, processes and service or business concepts We accept more risks than private financiers  Tekes facilitates collaboration and networking between small and large businesses industry and the academia public and private organisations globally – nationally – regionally

4. Copyright © Tekes Priority to growth-seeking, innovative SME’s Increased focus on forerunners and strategic innovations Customer success in global value networks Services and non-technical contents equally important as industry and technologies Tekes will be a more essential part of the innovation services cooperation network More customer-oriented and flexible approach Strategy in a nutshell Growth and wellbeing from renewal

5. Copyright © Tekes Strategic research areas determined by the Strategic Centres for Science, Technology and Innovation Added value by solution-based services and intangible concepts Business in global value networks Renewing services and production by digital means Natural resources and sustainable economy Intelligent environments Vitality of people Focus areas

6. Copyright © Tekes Examples - of successful R&D work 4 CASES

7. Copyright © Tekes Successful gaming industry one of Finland's strong points  Global gaming industry worth about USD 50 billion in 2009 (export value of the Finnish gaming industry about EUR 75 million)  Finnish international success stories such as Angry Birds, Habbo Hotel, Max Payne  Strong gaming culture (Assembly computer festival) and technology know-how behind the success  Digital distribution of games the next big thing  Play Finland attracts international publishers and investors  Tekes has supported the Finnish gaming industry strongly since 2001  www.playfinland.fi www.playfinland.fi

8. Copyright © Tekes Lactose-free milk drinks  Milk-tasting, totally lactose-free products  Growing need on the global market, big share of the adult population is lactose intolerant  First products on the market in 2001  Patented products sold in 12 countries  Turnover in 2009 over 100 million euros  Selection includes sour milks, yoghurts, creams, cottage cheeses and fats  Tekes has partly funded R&D  www.valio.fi www.valio.fi Valio Ltd

9. Copyright © Tekes Third generation demonstration biorefinery in operation  The company’s 3G biorefining demonstration plant utilizes agricultural residues  Production of pulp and paper fibres; also biofuels and biochemicals.  Concept rated by a World Bank report as economically and environmentally best  First license agreements with Chinese customers  China the strongest market  License and project contract with UPM-Kymmene Corporation  www.chempolis.com www.chempolis.com 04-2009DM 32182 Chempolis Oy

10. Copyright © Tekes Deep collection gains world popularity Molok Oy  The deep collection system developed by Molok has spread around the world  Waste is held in an underground container; only a third of the container is visible  Deep collecting containers hold more waste than surface bins = longer intervals between emptying  Advantages of deep collection are economic and ecological  Suited to collecting various kinds of waste  Used at the Beijing Summer Olympics  60% of turnover exported, mainly to Europe and Scandinavia  www.molok.com www.molok.com

11. Copyright © Tekes Half of the funded projects are internationally networked Any international company located in Finland is eligible for Tekes's funding, regardless of ownership. International activities in projects funded by Tekes in 2006 - 2008

12. Copyright © Tekes Impacts of R&D funding Tekes’ s clients have experienced more rapid growth than companies in the business register in general. Business Aid Database Creation: Final Report by the Working Group (2006) R&D funding increases the growth, activeness in seeking patents and demand for labour of companies and reduces the likelihood of business closures and mergers. Hovi et al. (2006) R&D funding has increased the growth of productivity and improved employment in companies with a well compensated R&D. Piekkola (2006) Nearly two in three companies perceived Tekes funding to have helped the company increase its net sales. Pekkanen et al. (2004)

13. Copyright © Tekes Encouraging innovation environment  Growing investments in R&D – public and private  Active dialogue involves companies, research institutes and public sector  Innovation leader – one of the four innovation leaders in Europe Innovation Union Scoreboard 2010

14. Copyright © Tekes Keep in touch! Information about Finnish innovation environment, Tekes's activities interesting publications and research and development projects www.tekes.fi/en Subscribe to Tekes Newsletter at www.tekes.fi/en/newsletter